Trade Roots Secures $4.9M In Financing

Cannabis company Trade Roots raised $4.9 million in Series A financing.

The company intends to utilize proceeds to finalize the development of its vertically integrated facility in Wareham, which spans 16,000-square-feet and is poised to open in the second quarter of the next year.

Board member and Trade Roots backer Greg Wirsen said the round is a "testament to the strength of both Trade Roots' go-to-market strategy and its growth potential."

Trade Roots, which raised the funds under LDE Holdings LLC, provides Massachusetts residents with adult-use cannabis products.

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It's also a Social Equity Program Participant.

Trade Roots co-founder and CEO Jesse Pitts was "pleased with the response" and praised the team's "hard work."

Law firm Foley Hoag LLP advised Trade Roots throughout the process.

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